BMO Capital analyst Tristan Thomas-Martin raised the firm’s price target on Advance Auto Parts (AAP) to $60 from $55 but keeps a Market Perform rating on the shares after its Q4 earnings beat. The company’s initiatives are showing momentum, but the timeline remains a question, with management pushing back their 2027 operating margin target of 7.0%, the analyst tells investors in a research note.
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Read More on AAP:
- Advance Auto Parts price target raised to $48 from $40 at BofA
- Advance Auto Parts price target raised to $64 from $61 at JPMorgan
- Sell Rating Maintained Amid Uncertain Earnings Conversion and Mixed Demand Trends
- Advance Auto Parts Earnings Call Marks Margin Rebound
- Advance Auto Parts’ Heavy Debt Load Raises Liquidity, Refinancing and Turnaround Risks